Bitcoin miner Riot Platforms, Inc. reported revenue of $259.2 million for the year ending in December, which it says was a result of increased bitcoin production and a full year of hosting and engineering revenues. 

The bitcoin miner produced 5,554 bitcoin, up 46 percent from 2021, the company said in a statement on Thursday.

“Riot’s industry-leading financial strength puts us in a strong position to continue executing on our aggressive growth plans, in 2023 and beyond,” said Jason Les, CEO of Riot Platforms.